The advantages of stated income commercial mortgage loans for real estate investors and business owners.

As banks have made it increasingly difficult to purchase or refinance commercial and residential investment property, investors have been turning to stated income commercial mortgage loans as an alternative.

One such advantage of using this type of financing is the speed of the transaction. These type of loans can generally be closed in two to three weeks. The reason for this is because of another advantage: limited paperwork is required. No tax returns are required. That’s perfect for business owners who write off most of their income.

Another advantage of stated income commercial mortgage loans is qualifying. A bank may require a FICO score of over 700 for a conventional loan. Most stated income loans only require a minimum score of 650. In some cases a lower score may be acceptable depending on the strength of the file. Terms can also be from 3 to 10 years ( with a 30 year amortization). This allows investors some flexibility whatever their intentions for the property may be.

These stated income commercial mortgage loans can be used to purchase or refinance one to four family residential investment property or commercial properties such as 5+ unit multi family, office, retail, mixed use, warehouse, and self storage to name a few.

Loan to values can be up to 80% depending on type of transaction, credit score, and property type.

For more information on stated income commercial mortgage loans contact RSA Funding at 855-475-FUND(3863).

There are many reasons why an investor may want to use stated income commercial mortgage loans.

One reason would be to refinance out of a hard money or bridge loan. We at RSA Funding are seeing many more requests for

stated income commercial mortgage loans in the last few months. Our customers have been purchasing property with a fix and flip or rehab loan.

This type of financing generally has a one year term. If they want to rent the property after the rehab work is completed they will need to refinance
to another loan. Stated income commercial mortgage loans are a good option for them. These loans have a longer term than a bridge loan. The terms are

generally three to seven years. The rates for these stated income loans are more attractive than bridge or hard money loans as well. Loan to values can be up to

80% depending on credit, property type, and type of transaction. Because there are no tax returns required, closings can take place as quickly as two to three weeks.

For more information on how stated income commercial mortgage loans can help you: Contact RSA Funding at 855-475-FUND (3863)

RSA Funding is the right choice for stated income commercial mortgage loans throughout the United States.We are a nationwide commercial mortgage broker with over 15 years in the commercial mortgage business.

Stated income loans are now becoming a widely used product for those borrowers that are self employed or business owners. Now you don’t have to worry about your bank turning you down because you don’t show enough personal income. Our stated income commercial mortgage loans don’t require tax returns or W2’s.

Program Highlights:

Loan size from 100k to 5Million.

Loan to values can be up to 80% depending on credit scores and property type.

Property types include 1 to 4 family residential investment, multi-family dwellings of 5+units, office, retail, and warehouse to name a few.

Closings can be done quickly with general turn time of 3 weeks with a minimum of paperwork.

RSA Funding, the always innovative nationwide commercial mortgage broker has seen a great increase in requests by clients for stated income commercial mortgage loans.

According to Rob Shea, owner of RSA Funding, “We have seen a lot more requests for alternative financing options by commercial real estate owners and investors.”

Most commercial property types will qualify ( along with one to four family non owner occupied properties). Loan to values can be as high as 80 percent ( depending on borrower credit and property type). Minimum loan size can be as low as 100k. Rates can start as low as 7.0 percent and loan closings can take place in as few as two to three weeks.

Shea also added, ” I believe the reason for the surge in requests for these types of programs is because these programs are ideal for self employed business owners and property investors many of whom have excessive write offs or business expenses. Thus they need loan underwriting to be flexible without the paperwork and time needed for a conventional loan product. These products are also competively priced in between conventional financing and more prohibitive bridge loans or “hard money” loans.”

To inquire about RSA Funding’s stated income commercial mortgage program and any of their other innovative commercial financing products contact Rob Shea at 855-475-FUND (3863) or www.rsafunding.com

RSA Funding is a nationwide commercial mortgage broker offering stated income commercial mortgage loans throughout the United States. Our stated income programs are perfect for the self employed or business owners. Highlights of the programs are:

A stated income commercial mortgage loan may be the answer for investors that are looking to get cash out of their property.

Many property investors and business owners want to get cash out of their properties for various reason, such as improving the building or money for a down payment for a new purchase.

Unfortunately many investors don’t attempt to refinance their property for cash out for a numbers of reasons.

The most common reason for the reluctance is that they believe the transaction will take too long. A Stated income commercial mortgage loan can generally be closed in 2 to 3 weeks.

Another thing that may inhibit people is a perception that too much paperwork is required. Depending on the situation, only an application, credit report, and bank statement may be required for your transaction. This is in stark contrast to a conventional or SBA loan which requires much more paperwork and may take 2-3 months to close.

Many others believe that the interest rates for a stated income commercial mortgage loan will be very high. While the interest rates will be slightly higher than a conventional loan they will still be much lower than a bridge or hard money loan. A hard money or bridge loan will generally only have a one year term. A stated income loan can start at a 3 year term and in certain situations can be up to a full 30 year fixed term.

For more information on a stated income commercial mortgage loan contact RSA Funding today at 855-475 FUND (3863) or at www.rsafunding.com

Many business owners and property investors are now choosing stated income commercial mortgage loans to finance their properties.

There are many reasons for this. One of the main reasons is that most business owners and commercial property owners write off all or most of their income . This makes it very difficult to qualify for a conventional type of loan with a bank. In the past the only option was a hard money or bridge loan. Obviously the rates and short length of term for these loans are very prohibitive. Now investors can use a stated income commercial mortgage loan to buy or refinance a property with a longer term than a bridge loan. Rates will fall between a conventional bank loan and a hard money or bridge loan. Another advantage of stated income commercial mortgage loans are that unlike a bank loan they can be closed in 2-3 weeks. They only require a minimum amount of paperwork as no tax returns are required. Property types include ( but are not limited to) 1-4 family non-owner, multi-family 5+units, retail, office, hotel, mobile home parks, and warehouses. Loan to values are generally up to 75% ( possibly up to 80% depending on credit, property type, and transaction type).

For more information about stated income commercial mortgage loans contact RSA Funding at 855-475-FUND(3863) or www.rsafunding.com

Stated income commercial loans may work for you if you’ve tried to purchase or refinance a commercial or investment property, but have been turned down by a bank.

One major reason for a bank turn down may be because you don’t show enough income. This happens frequently to many business owners or other self employed people. RSA Funding is a nationwide commercial mortgage broker and through our wholesale channels we are now able to offer stated income commercial loans for commercial and residential investment property (1-4 family). Closings are usually within two to three weeks because only limited documentation is required. Loan to values can be up to 80%. Maximum loan to values will depend on property type and your credit score. Property types include ( but are not limited to) 1 to 4 family non owner occupied, 5+unit multi family, apartment buildings, retail, office, mixed use, and warehouses.

For more information on stated income commercial loans contact RSA Funding at 855-475-FUND or www.rsafunding.com

Stated income commercial mortgages are a great alternative for borrowers who may have been turned down by banks. RSA Funding is a nationwide commercial mortgage broker and we have added stated income commercial mortgages to our product offerings. Many people who are self employed or are business owners will be turned down for a loan simply because they don’t show enough income. We can place those borrowers in a stated income loan that can close in as little as two to three weeks with a minimum amount of paperwork. Loan to values can be up to 80% ( depending on credit scores and property type). Property types include ( but are not limited to) 1-4 family non owner as well as multi-family, mixed use, retail, office, and warehouses. For more information call us at 855-475-FUND(3863) or www.rsafunding.com

According to Rob Shea, founder of RSA Funding, “This program will provide a financing option for commercial real estate owners and investors who may fall outside of bankable parameters because of credit or debt to income issues.”

Most commercial property types qualify (along with residential 1-4 family non-owner occupied properties). Loan to value can be up to 80 percent depending on the property type. Minimum loan size is 100k. Rates start as low as 8.0 percent and loan closings can take place in as few as two to three weeks.

Shea also added, “This is a competitively priced program and is ideal for self-employed borrowers and property investors who need flexible loan underwriting.”

To inquire about RSA Funding’s new stated income commercial mortgage program and any of their other innovative commercial financing products contact Rob Sheaat 855-475-Fund (3863), or rob@rsafunding.com